How many people think that if the economy doesn't get any better in 3 month.?

Question

We are going to suffer a "great depresion" like 1929? Many people are losing their homes and bank aren't helping at all. I'm in that situation. I will like to hear comments from every body in this situation..

Answer 1

You might be in that situation, but that doesn't reflect the overall population and/or the economy. Unemployment is still low and the GDP has remained positive quarter after quarter. Not to mention that there are labor shortages in various industries across the country. There is demand for Nurses, Plumbers, Wielders, Truck Drivers, Farm Workers, etc...  That tells me the economy is still strong if there is still demand for workers..

As bad as things seem, the US economy is VERY diverse and bad times in some areas aren't impacting other areas. And its those 'other' areas that continue to spend money and keep the other half of the economy running. So don't listen to the talking heads on TV crying about how bad it is.. It really isn't that bad.

Ohh and if you are unemployed and need a job and cant find anything locally. I recommend you relocate. There is employment in America. Question is, are you willing to seek it out no matter where it is? Or are you stubborn and demand that it be within your hometown?

http://www.columbiatribune.com/2008/Jul/...

“America is facing a very difficult labor shortage despite what the economy looks like right now because the baby boomers are fixing to retire,” said Tom Holdsworth, SkillsUSA director for communications and government relations. “People are beginning to realize the degree of sophistication” of the technical skills and training, “and the pay is equaling what they’ll get with a four-year degree, and, frankly, there are a heck of a lot more opportunities on this side,” he said.

Answer 2

Well when the Federal Reserve opens up its printing presses for failed lenders like Fannie and Freddie --who hold over $5 TRILLION in mortgages-- to "take out loans" to prop them up temporarily, it only increases inflation and devalues the Dollar....which increases the price of EVERYTHING ...ie: oil, food, etc.

So yes...we are heading for another great depression.  Buckle up, buy gold and silver, and be prepared.

....and to think, Ron Paul has been right all along.  Where are those people who were mocking him for wanting to keep only gold and silver legal tender?